Chetan K 12 September 2016

Transfer of property under sra

As per the Law, the Property under SRA cannot be transferred before 10 years of allotment, Can it be transferred after 10 years by way of gift deed to relative.

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4 Replies

(Guest)

Yes , but still original agreement is required to be examined ,. If any further condition mentioned , generally you can sell after lock in period

(Guest)

Yes , but still original agreement is required to be examined ,. If any further condition mentioned , generally you can sell after lock in period

Chetan K 13 September 2016

Originally posted by : Madhu
	Yes , but still original agreement is required to be examined ,. If any further condition mentioned , generally you can sell after lock in period

Thank you madam for your kind reply

Is it mentioned in th law that it can be transferrd after Lock in peirod by way of GIFT Deed to relative. (no such condition is mentioned in the agreement)

also is there any case law on the same.

Chetan K 13 September 2016

Originally posted by : Chetan K
	Originally posted by : Madhu Yes , but still original agreement is required to be examined ,. If any further condition mentioned , generally you can sell after lock in period Thank you madam for your kind reply Is it mentioned in th law that it can be transferrd after Lock in peirod by way of GIFT Deed to relative. (no such condition is mentioned in the agreement) also is there any case law on the same.

As per the Law,

"Section 3E stipulates that tenements allotted to persons under the Slum Rehabilitation Scheme shall not be transferred by the allottee for a period of 10 years from the date of allotment. After 10 years, the allottee may, with the permission of SRA, transfer the tenement in accordance with the prescribed procedure"

What is the prescribed procedure?